GoPro's Earning Woes May Mean Job Cuts This Year

GoPro seems to have settled into a permanent slump. On Wednesday, the company announced preliminary financial results for the fourth quarter, and it's not looking good. (Video via GoPro)

GoPro was hoping for a holiday boost, but that may not have happened. The company expects revenue to be around $435 million for the last quarter of 2015. That's a far reach from the $511 million some experts predicted GoPro would bring in. (Video via GoPro)

And this isn't the first time the tech company has missed the mark. Third-quarter sales brought in about $33 million less than what experts predicted.

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Company execs say slow sales of the new Hero4 Session camera might be to blame. It was launched last July with a hefty price tag. The company quickly dropped the price two separate times after shoppers were slow to spend the big bucks on it.